Briefing: Amazon and Apple to pay tax owed, Putin undecided on re-standing

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  • President Donald J. Trump is deliberating whether his administration will continue with the Iran nuclear deal, ahead of a critical October 15 deadline. If the White House decides that Iran is not in compliance with the international agreement, then the U.S. Congress could reapply economic sanctions on the Middle Eastern country.
    • The Iran nuclear deal is an effort among six members of the UN to negotiate a reduction in Iran’s nuclear assets. It is a divisive topic within the Trump Administration. President Trump continues to criticise the deal for not ensuring enough concessions from Iran. Secretary of Defence James Mattis publicly supports the U.S. remaining in the seven country pact.


  • Amazon and Apple are to pay owed taxes after a European Union crackdown on taxes. The European Commission plans to take Ireland to court after Ireland failed to collect €13 billion of taxes from Apple. Amazon was ordered to repay $293 million in back taxes after the European Commission said it had been given an unfair tax deal in Luxembourg. An Amazon spokesperson said the company is considering appealing and denied it owed any tax.
  • Russian President Vladimir Putin said at an energy forum he is not sure whether he will seek re-election in 2018. President Putin also said at the forum that a military strike designed to destroy North Korea’s nuclear program might not succeed because Pyongyang could have hidden military facilities.
    • Russia has taken on a larger role in the North Korea crisis by giving the hermit nation limited access to the global economy. TransTeleCom, a Russian telecommunication company, now routes North Korean internet traffic according to Russian-state media.
  • Irish Prime Minister Leo Varadkar said he wants to hold the country’s abortion referendum in May 2018 to maximise the number of students who vote. Pro-choice activists warned a summer vote would jeopardise the student vote, as many will be travelling or working overseas. The traditionally Catholic country has some of the strictest abortion laws in the world. It was only in 2013 that a complete ban on the procedure was lifted to allow terminations in cases where the mother’s life is in danger.


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